Result of Placing

THIS ANNOUNCEMENT WAS DEEMED BY THE COMPANY TO CONTAIN INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014 AS THEY FORM PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018. WITH THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

Creo Medical Group plc

("Creo" or the "Company")

Result of Placing

The Company is pleased to announce that, further to the announcement made on 30 September 2024 (RNS No 3040G) regarding the Fundraising (the "Launch Announcement"), it has raised, subject to certain conditions, approximately £12 million (before expenses) by the issue of 50,000,000 Placing Shares by way of the Placing, at an Issue Price of 24 pence per share. Cavendish and Deutsche Numis acted as joint bookrunners in relation to the Placing.

Following the deduction of associated fees and expenses, the net proceeds receivable by the Company from the Placing will be approximately £11 million, which will be used, together with the proceeds raised from the Retail Offer, to continue the development of Creo's technology as well as mitigating against any completion risk associated with the divestment of a 51% controlling stake in Creo Europe, announced on 18 September 2024 (the "Sale"). When combined with the proceeds from the Sale, the proceeds from the Fundraising will ensure the business is sufficiently funded to profitability as the Company continues to roll out its defined med-tech growth strategy, as set out in the Launch Announcement.

The Company consulted with a number of its major shareholders prior to the Placing and has respected the principles of pre-emption through the allocation process. The Company is pleased by the strong support it has received from existing shareholders.

Related party transactions

The following of the Company's directors (the "Participating Directors") have conditionally subscribed for an aggregate of 3,124,999 Placing Shares at the Issue Price:

The participation of each of the Participating Directors each constitutes a related party transaction under rule 13 of the AIM Rules.

Accordingly, Cavendish Capital Markets Limited, acting in its capacity as the Company's nominated adviser, confirms that it considers that the terms of the participation of the Participating Directors in the Fundraising are fair and reasonable insofar as the Company's Shareholders are concerned.

General Meeting

The Fundraising and the issue of the New Ordinary Shares are conditional upon, among other things, the Resolutions being duly passed by Shareholders at the General Meeting.

The Circular, including full details of the Placing, the Retail Offer and the Notice of General Meeting, is expected to be despatched to Shareholders later today, and the Circular, once published, will be available on the Company's website at www.creomedical.com/investors. This announcement should be read in conjunction with the full text of the Circular.

Admission, settlement and dealings

Application will be made for Admission of the New Ordinary Shares (comprising 50,000,000 Placing Shares and up to 20,833,333 Retail Offer Shares). Subject to, amongst other things, the passing of the Resolutions, settlement for the New Ordinary Shares and Admission are expected to take place at 8.00 a.m. on or around 21 October 2024. In addition to the passing of the Resolutions, the Fundraising is conditional upon, among other things, Admission becoming effective and the Placing Agreement not being terminated in accordance with its terms.